8 Administrative expenses

2017

2016

Management fee Bouwinvest

4,255

3,829

Audit fees

26

24

Other administrative expenses

96

145

Legal fees

-

-

Other Fund expenses

98

15

Total administrative expenses

4,475

4,013

Where administrative expenses relate directly to the operation of the property portfolio, they are charged to operating expenses. Where administrative expenses relate directly to the development of the property portfolio, they are capitalised.